Sitharaman took to Twitter on Thursday morning and posted that the move is aimed to mitigate the hardships of policyholders “whose health & motor (third party) insurance policies are due for renewal during COVID-19 lockdown”.
In the wake of the ongoing coronavirus lockdown, Finance Minister Nirmala Sitharaman on Thursday said that policyholders can now renew their health and motor insurance policies till May 15.
Sitharaman took to Twitter on Thursday morning and posted that the move is aimed to mitigate the hardships of policyholders “whose health & motor (third party) insurance policies are due for renewal during COVID-19 lockdown”.
“Govt. has issued notification allowing policyholders to make payments on or before 15.05.2020 towards renewal of their policies,” her tweet read.
The extension is for the insurance policies that are due between March 25 and May 3.
